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WY SF0105

WY SF0105
Real estate brokers-duties and disclosure amendments.


summary

Introduced
02/12/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
2026 Budget Session

Bill Summary

AN ACT relating to real estate brokers and salespersons; amending the definition of "customer" for purposes of real estate transactions and licensing provisions; amending the disclosures that are required when establishing a broker relationship; amending disclosure requirements for licensees working with a buyer or seller who is a customer; specifying applicability; and providing for an effective date.

AI Summary

This bill amends Wyoming law concerning real estate brokers and salespersons by clarifying the definition of a "customer" to include individuals interested in buying, selling, or leasing property, or those attending showings without an existing agency relationship with a licensee. It also modifies disclosure requirements, specifying that initial conversations and open house showings do not automatically create an agency relationship and that licensees must provide written disclosures about their relationship with buyers or sellers, including that customers are not entitled to confidentiality and are not required to sign agency agreements to view property. The bill also states that providing an agency disclosure is sufficient to document the establishment of an agency relationship and that licensees can continue working with a customer if the buyer or seller refuses to sign the disclosure, provided the refusal is documented. Importantly, this act does not affect any existing contracts or agreements entered into before its effective date of July 1, 2026.

Committee Categories

Justice

Sponsors (18)

Last Action

2nd Reading:Passed (on 02/20/2026)

bill text


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